Associate, Institutional Accounting (NE)

About this role

Are you an Investment Accounting professional searching for an exciting, significant, multi-faceted opportunity with the world's largest asset manager? If you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition, then look no further! BlackRock is pursuing a Vice President to become a part of the team. We recognize that strength comes from diversity, and will accept rare skills, eagerness, and passion. All the while supporting the freedom to grow authoritatively and as an individual.

We know you want to feel valued every single day and be recognized for contributions! At BlackRock, we strive to equip our employees and actively engage their involvement in our success. Our technology and services empowers millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join the team and experience what it feels like to be part of an organization that makes a difference.

Our Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our accounting services include the reconciliation, tracking, accounting for assets, along with preparation and oversight of monthly packages and regulatory schedules.

The Role

The eFront Migrations Specialist will handle accounting and reporting tasks. They will support the transition of portfolios from legacy systems to eFront in the alternative assets space. This role is on the forefront of promoting process refinement and automation efforts to alternative assets. It also contributes to the successful adoption of accounting policy modifications for Alternatives, while supporting BlackRock’s insurance clients alongside broader organizational aims.

Team members will have the opportunity for continued professional development with a career path within the group, or into other operating teams or client-facing business areas across BlackRock. Our suite of services provided to our clients offers opportunities for personal learning, in terms of the product types and accounting complexities, as well as an ongoing development of technical strengths.

Key responsibilities include:

Migration & Implementation

• Carry out end-to-end migration activities: data extraction, transformation, and loading into eFront.
• Validate accounting bases (GAAP, STAT, IFRS) and configure portfolio structures.
• Ensure historical performance data is loaded for compliance and reporting.
• Lead the implementation of client mandates with effective planning and resource management.

Governance, Process, and Controls

• Maintain detailed migration documentation and runbooks for repeatable frameworks.
• Ensure consistent process and control across the client base.
• Support change management, logging and tracking enhancements or issues.
• Stay ahead of regulatory changes and communicate implications across multiple accounting bases.

Cross-Team Collaboration

• Partner with Investment Controllers, IA Operations, and external consultants to ensure seamless execution.
• Represent Alternatives Accounting on cross-functional projects and working groups.
• Provide status updates and participate in governance meetings.

Training & Knowledge Transfer

• Provide regular training sessions for the Investment Accounting Team on new Alternative investment strategies, product categories, and updates in accounting.
• Provide hands-on training to internal teams on eFront workflows and procedures.
• Support post-migration transition and embed learning into processes aligned with BAU or equivalent experience.

Experience Required

• Understanding of Alts product mechanics, requirements, including Equity Method of Accounting for Partnerships/Joint Ventures held as investments
• Minimum 3 years of proven experience in investments/markets and understanding of Alternative Investment accounting
• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate
• Continuous operational improvement and control enhancement demeanor
• Familiarity with product-specific financial reporting and disclosures

Preferred Qualifications

• Experience in large-scale system migrations within financial services.
• Knowledge of automation tools (e.g., Python for reconciliation scripts).
• Strong communication skills for cross-functional collaboration.

Additional Information

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.